According to the report Biopsy Devices Market, published by Market Data Forecast, the global market is projected to reach USD 2214.89 million by 2021, at a CAGR of 7.4% from 2016 to 2021.
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Removal of a small tissue with a needle or surgical removal of suspicious lump from the body for examining a disease. These devices are majorly used in radiology imaging techniques such as CT, X-ray, ultrasound or MRI. These are essential to diagnose several cancers. Globally, the most occurring cancer among women is ovarian cancer which can be diagnosed by testing the lump in the abdomen.
Majority of the biopsies are performed with minimal preparation to the outpatients. The devices vary with the type of biopsy and its procedure. In needle biopsy, the sample of the tissue is removed with the needle. They are several kinds of biopsy devices that mainly includes fine needle attached with a string used for drawing blood, core needle attached to a spring loaded mechanism and vacuum assisted devices for drawing bigger pieces of tissue.
Biopsy Devices Market: Drivers & Restraints
Biopsy devices market growth is likely to propagate in the future as per current trends of increase in the number of patients across the globe. Increasing Iodine deficiencies among the population of Asian and African countries and growing prevalence of cancer across North America and Europe regions are fuelling the demand for Biopsy Devices market. With addition to it, increasing demand for minimal invasive medical treatments, increasing expenditure on diagnostic procedures, people suffering from obesity and cardiovascular diseases are likely to witness these risk factors are growing over the years. Increasing government’s focus over the healthcare sector in developing countries elevating the investment in Biopsy Devices market is across the Asia Pacific region.
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Biopsy Devices Market: Segmentation
- Needle Biopsy
- Core Needle Biopsy
- Fine Needle Biopsy
- Vacuum-Assisted Biopsy
- Surgical Biopsy
- Incisional Biopsy
- Excisional Biopsy
- Scientific Research
- Medical Diagnosis
- Agricultural Applications
- Pharmaceutical and Biotechnology Industry
- Academic Research Institute
- Contract Research Organizations
- Forensic Labs
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Biopsy Devices Market: Overview
A Biopsy is removal of tissue from a part of the body for diagnostic purposes. Abdominal Biopsy is done to check whether the lump in the abdomen is cancerous or benign. This is surgically done with the help of laparoscopy or open surgery. Bone marrow biopsy is used to examine cancer in the blood. The introduction of government reforms aims to improve the healthcare industries all over the world by improving technically advanced equipment and better reimbursement facilities.
Therefore, the lucrative industry is expected to grow further. The vacuum based devices provided major part of the revenue to needle guns. Disposable curettes are estimated to grow at the highest rate due to its ability and avoidance of cross contamination and infections.
Biopsy Devices Market: Region-wise Outlook
North America is the top marketplace for Biopsy Devices because of number of patients. Western Europe is observed as the growing market with the increase in the number of patients than Eastern Europe and Germany is estimated to be responsible for its major growth. More than the developed countries, the developing countries like Asia-Pacific, China, Japan, Middle East and Africa will likely to show tremendous growth in the market in the future because Asia-Pacific is dominated by China and India and healthcare infrastructure is increasing at a high pace.
Key Questions Answered
- What is the current and future Biopsy Devices market outlook in all over the world? What trends are affecting the Global market?
- What is the competitive landscape and market share of major players in the Biopsy Devices space globally?
- What are the key, high growth markets that manufacturers should expand into? Which Biopsy Devices market segments are growing the fastest?
- What are the unmet needs with the Biopsy Devices currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Biopsy Devices?
- What are the challenges and barriers that have hindered widespread adoption of Biopsy Devices?
Biopsy Devices Market: Key Players
Generic drugs with several brand names are being manufactured in different parts of the world. Some of the global key players in Biopsy Devices market are Leica Biosystems, Hologic Inc., Boston Scientific Corporation, Becton, Cook Medical Inc., C.R. Bard Inc., Mauna Kea Technologies and Ethicon EndoSurgery Inc.
Reasons to buy Biopsy Devices Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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